Virgin America files for $115 million IPO

By Heather Somerville
San Jose Mercury News (MCT)

While still a relatively small player when compared to colossuses such as United and American, Virgin America - which operates out of the Los Angeles and San Francisco airports - has edged its way into the hypercompetitive airline industry by offering passengers a variety of perks such as Wi-Fi, live TV and movies without charging a huge premium. It also sells direct flights to the East Coast, making the carrier a popular choice among business professionals who regularly travel from Silicon Valley to New York, Washington, D.C. and other cities.

Virgin became profitable last year, netting more than $10 million, according to financial filings. Its revenue increased about 6.9 percent from 2012 to 2013, and was up slightly - $12 million - in the first quarter from the same period a year ago. Last year, it carried 6.3 million passengers, less than one percent of the total passengers that flew on U.S. airlines

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